Wal-Mart Loses Bid to Block Use of Mexican-Bribe Files

Wal-Mart Stores Inc. can’t block investors from using publicly disclosed internal files in lawsuits that claim directors failed to properly oversee executives accused of bribing Mexican officials, a judge said.

Pension funds that are suing Wal-Mart can rely on e-mails and other records published by the New York Times and two congressmen to make the case that the company must provide more information about the board’s probe of the scandal, Delaware Chancery Court Judge Leo Strine concluded.